Moroccan Bank Manager Sentenced to 3 Years for $1 Million Client Theft

The thief has just been sentenced to 3 years in prison by the Court of Appeal in Fez, reports the website Barlamane, which recalls that this branch manager, originally from the city of Ahfir, was the subject of a wanted notice issued by the police.

But it took several months for the general management to realize the thefts and file a complaint against the thieving manager, the same source specifies.

Several cases of theft have already shaken the Moroccan banking sector. A few years ago, a bank manager had disappeared with 50 million dirhams belonging mainly to Moroccans living abroad. The investigation had started when an MRE realized that the sum of 7 million dirhams was missing from his bank account. The investigation later revealed that he had falsified the signatures of his clients to lend money to investors in exchange, of course, for interest.